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Property profile

1487 Boardwalk Lexington, KY 40511

OFF-MARKET
Drive through restaurants
Property ID
US34-0595401
2,215 SF 0.64 ac lot Built 1977
Last sale Dec 2020 · $570,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 0.64-acre property in Lexington, Kentucky, presents a prime ground lease opportunity. Located at 1487 Boardwalk, in Fayette County (zip code 40511), this site boasts a 2,215 square foot building, ideal for repurposing or demolition. Its strategic location just off W New Circle Rd provides unparalleled visibility and accessibility, situated adjacent to a Walmart Supercenter and Lexmark's World Headquarters. The property benefits from high daily traffic volume generated by…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$570k
Effective rate1.24%

Value estimate

· Oct 2026
$460k
$414k – $506k
Submarket $/SF estimate$772k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$326/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$192 – $508
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-6P
Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) ...
General categoryCOMMERCIAL
JurisdictionFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.5
Dental Office16.8
Law Firm15.3

Location

1487 Boardwalk Lexington, KY 40511-1803
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1009 Georgetown, Lexington, KY 40511-1009 $800,000 Jun 2022 1,876 SF
1417 Leestown, Lexington, KY 40511-2041 $665,000 Sep 2021 2,060 SF
1415 Leestown, Lexington, KY 40511-2041 $665,000 Sep 2021 2,416 SF
771 Newtown, Lexington, KY 40511-1854 $1,100,000 Apr 2020 2,622 SF
463 New Cir, Lexington, KY 40511-1832 $1,880,000 Mar 2020 2,022 SF
1483 Boardwalk, Lexington, KY 40511-1803 $400,000 Feb 2019 1,854 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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